The Observation of Adult-Сhild Interaction

During this semester, we were required to make an observation on the adult-child interaction. This review essay will explain briefly about the interaction occurred, feedback from both parties and the significant of theory in child language development. Therefore, on 4th November 2013, I had an observation at an early childhood center, SMART LITTLE BEE in Putrajaya. Smart Little Bee is not just an ordinary childhood center, the founder Miss Nor Julia bt Mohammad Nor tried to implant new exposure in educating the child using the Montessori Theory which had been used in several countries such as Australia, United Kingdom and United States.Montessori education is an educational approach developed by Italian physician and educator Maria Montessori. The Montessori approach is designed to support the natural development of children in a well-prepared environment (Early childhood education today, 2011). The children educate themselves through self-directed learning by sensory materials invit e to promote learning. Children are grouped in multi-age environments and learn by manipulating materials and working with others.In Malaysia, the efforts were spreading in the country where the numbers of childhood center using Montessori approach were increasing especially in urban areas. In Smart Little Bee, the capacity intake of children is limited due to the law restricted for an early childhood center or we called â€Å"Taman Asuhan Kanak-kanak (TASKA)† in Malaysia that built in home-based environment. Even though, the requests from parents are quite high as they can see the differences in orderliness, independent children, self-directed learning in their child. There were total of 13 children at age range 2 – 6 years old registered.There was neither classroom nor syllabus structured by ministry of education. There was one big living room that has been renovate for well-prepared environment for the children to play, do activities and learned by them. Moreover, t here are five basic principles fairly and accurately represent how Montessori educators implement the Montessori Method in their programs and Miss Julia was a well-trained Montessori educator when she was living in Australia for several years. The first one is respect for the child, it is the cornerstone on which all other Montessori principles rest.Miss Julia said, â€Å"Teachers should show respect for children when they guide and scaffold their learning, enable them do things and learned for themselves†. Next, the absorbent mind is one of the ideas that the minds of young children are receptive to and capable of learning. The child learns unconsciously by taking in information from the environment. This ideology is proved by the child learns to speak his native tongue through the environment. Furthermore, Montessori believed there are sensitive period when children are more susceptible to certain behaviors and can learn specific skills more easily.In my opinion, there are intersections in theories that model programs for child language development. As we learned through several of theories, majority of them believed children have their sensitive period which stated in Affective transformation by Greenspan & Shanker(2007), Jean Piaget’s stages of cognitive development and sensory-motor stage and much more. Next, prepared environment, a place in which children can do things for themselves. In Smart Little Bee, the living room that has been renovated and design suitable for children to learn while playing, the facilities are comfortable, well-organized with books, toys and table.The children have their own freedom to explore materials of their own choosing. The materials and activities provided for three basic areas of child involvement which are practical life or motor education, sensory materials for training the senses and academic materials. During my observation, the theme for that week is BALL, Miss Julia explained particularly through a ba ll we can teach the children in physical, emotional and cognitive thinking aspects. There were different themes for each week, as an example is an apple, shoes and many more.The activities done help children to improve their skills related to everyday living such as toilet training and tied the shoes lace. Lastly, concept of auto-education in children those are capable of educating themselves through appropriate materials and activities. It is facilitative language input and behavior where educators avoid using directiveness which contain less facilitative features. Early in the morning when their parents deliver their children, Miss Julia will let the children to play whatever they want to play.After having their breakfast, the activity began at 10 o’clock. During the session, Miss Julia asked them to pick up all the toys by saying â€Å"okay kids, it is time to do activity pick up the toys and make a circle† in a rhythmic way like a song. The kids pick up their toys to where it was belong while singing along with Miss Julia the â€Å"pick-up† song. This routine had implanted in their memory motor to reflect whenever Miss Julia sing the song and how anyone would imagine that picking up the toys could be this fun?After they done, Miss Julia sit on a small chair with the kids in a circle, using low tone voice like whispering Miss Julia asked the children to sing together all the songs they learned and the kids were hopping and ready to sing but Miss Julia stopped and asked them back â€Å"which one of the songs that they want to sing first?† I can hear thousands of requests, however Miss Julia with a calm voice asked them again â€Å"which one of the songs? † and they look to each other and with one voice they choose the spider’s web song. So, Miss Julia was counting down the number from three to one and they started to sing happily with the moves.Miss Julia also singing along with them as one part where Miss Julia will pause to let them finish the lyrics, technique used in this response is called cloze procedures. It is good to provide redundancy, increase the saliency of the input in order to allow more cognitive response for learning (Girolametto, 2006). While they were singing happily the children use immature or incorrect lyrics, Miss Julia will response by reformulating the additional semantics in the lyrics and generally corrects the child’s error which term used is conversational recasting (Camarata & Nelson, 2006).After they sang all the songs, the activity continues with â€Å"ball painting†. The children were so excited, they were asked to hold one rectangle box together with a painted golf ball in it. The task was they need to shake the box for the ball to roll up and leaves the paint on the paper inside. They started to shake the ball carefully first, but when they see the traces left by the paint they began to excite and wonder the colours, design thus they shook vigoro usly the box. This showed how the confident built in and the cognitive thinking was developing inside them. As the time flow, they finished the activity and had their lunch.As a Muslim, their routines in daily life were performing the prayer. When they finished their lunch, they were preparing to do the prayer together under Miss Julia guidance. Following the schedule, once they finished performing the prayer at 2 o’clock they need to sleep. Everyone was exhausted, they need to recharge. Miss Julia did mention â€Å"the children need to have enough sleep not just because for their growth but it is also for their health, physically and mentally† the end for the session. As a last point, I can see how Montessori approach affects the child not only in language but also the maturity and independence of the child.The theory itself guides the caregivers to be in the child’s world instead of trying to bring them into our world. The approach might not be acceptable in c ertain cultures; cultural differences may result in variations the way children being exposed as the first impression. When there are collectivist societies or individualistic society both wanted the best for their children but in different method approaches. In a nutshell, I firmly believed that children were born with the ability and desire to learn and explore the world when we initiate it with the environment around them.Language is a system of arbitrary codes used as a communication medium and that is shared by a community for parents-child interaction or teacher-student interaction. The language and environment input was crucial in developing the child’s language. I hope that caregivers could apply the theories in some of the way to teach their son or daughter became more quality than yesterday. I found that the importance in child development not only the language but also the environment, attitudes and behaviors.

Compare and Contrast the Role of Lay Personell

Compare and contrast the role of and function of judges, lawyers and lay people within the English courts Lay people are individuals with no legal training from a variety of backgrounds which is said to be used to promote an equal society. The role of Magistrates and Jurors are similar in ways of characteristics needed; for example both must be aged 18-70 and those who are in the police or have previous criminal convictions are ruled out.The selection process is however very different, the Lord Chancellor will appoint lay magistrates on behalf of the queen whereas jurors are selected by an electoral register for the area in which the court is situated and is done by a computer at the Central Summoning Bureau. Lay Magistrates are unpaid, part time volunteers whereas jurors are also unpaid but may be unwilling however failure to attend can result in prosecution or a fine.Magistrates can claim a small allowance and compensation for lost earnings. Both parties make their decision based o n facts, such as guilt or innocence in trials whereby the difference is that Magistrates can sentence the defendant whereas jurors cannot. Both are used in the right for a †trial by our peers†, ordinary people with experience of real life situations. Jurors will serve for a period of usually two weeks as apposed to Magistrates who will serve part time for different periods of time.Although lay magistrates and district judges do a very similar job there are many differences between how they work, their qualifications and employment. Lay magistrates, otherwise known as Justice of the Peace sit in magistrate's courts, generally in groups of three, whereas judges usually sit alone. 1999 there were 90, of whom about 20% were women, whereas there are an almost equal number of men and women magistrates, showing that judges are not a mirror image of trial by ones peers such as lay people.Judges are members of the professional judiciary who are legally qualified and salaried, wor king full time whereas the lay magistrate and jury are not paid and work part time/ a period of two weeks. Judges have practised for at least 7 years as a barrister or a solicitor. One way to become a solicitor is have ‘A' levels and go onto a Law degree then do 1 year on a legal practice course, then do a 2 year training period. One way to be a barrister is to do a Law degree then become a member of an Inn court and dine at the Inn or attend weekend courses, then do a 1 year ocational training course before being called to the bar. No formal qualifications are required for a lay magistrate or jury, but they do need intelligence, common sense, integrity and the capacity to act fairly. Lay magistrates are appointed by the Lord Chancellor (on behalf of the Queen) on the recommendation of the 100 local advisory committee, judges are also appointed by the Lord Chancellor and are appointed from those who have held advocacy qualifications for seven years.Soliciters play a totally di fferent role all together, they tend to work alongside a Legal executive with the Legal executive being the Solicitors assistants, they will deal with the more straight forward cases themselves such as preparing wills or leases and also have limited rights of audience in court, mainly making applications in the County court where cases are not defended. Barristers are the specialists of the court room. However once a barrister receives his/her certificate to practice they undertake a completely different life style.This life requires them to dress in dark black gowns and white woolen wigs whilst they advocate in courts such as the crown court. They also wear this â€Å"uniform† whilst they are in their chamber and when they are giving out legal advice on their specialist subject of higher law unlike lay people who do not require a uniform and soliciters must wear a smart suit. Soliciters will instruct a Barrister for their client, and unlike barristers will establish a compel ling defence for the barrister to then stand up in court and argue it for the client.However both parties must have a comprehesive understanding of law and soliciters can also give Barristers law advice on cases of law. E. g. negligence, wills, conveyancing etc. Unlike lay people and soliciters practicing Barristers are usually self-employed but usually work from sets of chambers with approximately 20 members in order to share administration costs and a clerk. More recent access to Justice act gives solicitors the right to do advocacy so they can also appear in court as advocates but need to gain an advocacy certificate before they can do so, unlike barristers.

Burmese Pythons in Everglades

Many people get the urge to own a pet and impulsively go and acquire one. Where they go wrong is that they fail to realize the amount of responsibility that comes with owing a pet. When It Is time to assume those responsibilities the owner often will become overwhelmed and simply let the animal go free Into the wild. Some animals survive, some of them can't, and others Like the Burmese python adapt In ways that we didn't Imagine. Environmental ThreatThe Burmese python can have up to 100 hatchings, grow up to 18 feet long, and weigh 200 pounds. (Smith) With no natural predators and a wide selection of food on the menu these snakes pose a serious threat to the ecosystem in Florida. They will feed on small rodents like mice to larger prey like alligators and deer. At the extremely high rate of reproduction the snake's population is outnumbering that of their prey, thus threatening the balance of the ecosystem in the everglades. Cause of the ProblemThese beautiful snakes were initially b rought to America as pets. Having owned a few snakes I'm aware that they are among the most aggressive eaters out of all the pythons. They have beautiful coats and It can be hypnotize to watch them eat. Unfortunately, people don't take Into accountability the massive size these snakes can grow to and rather than properly dispose of the snakes they simply release them into the wild. The humidity, source of water, and food in the Everglades make it easy for he snake to adapt.Mass breeding with other snakes and caused their population to rapidly increase. Proposed Solution With the deaths of small children and family pets the local government in Florida has taken action. They first made the importing of the Burmese Python illegal. Releasing them into the wild is illegal and owners have to pay a yearly fee to keep them. The government also authorized a hunting season for the python to help keep the population down. Saint Leafs Core ValuesAs pet owners we need to be more responsible with the animal we choose to take in. Responsibility Is a must when having a pet. It Is not a Toyota can Just be let go Into the wild when we our tired of It. Taking ownership of our decisions and actions Is how this relates most to Saint Oleo's Core Values. M. A. Smith: Reptilian and Amphibian, Volvo. Ill, Serpents. In: The Fauna of British India, Ceylon and Burma, including the whole of the Indo-Chinese Sub-Region. Taylor and Francis, Ltd. , London 1943, p 102-109

Equality before the law Essay Example | Topics and Well Written Essays - 250 words

Equality before the law - Essay Example There are various instances when best men are not offered the opportunity to represent their nation, in a democratic way. However, Pericles states that people have adopted the system of office rotation in assuring democracy. As a result, democracy and equal representation of individuals play an imperative role in any government (Thucydides and Woodruff 41). Individuals are offered freedom in order to exercise their rights in a nation that observes representation of the majority. According to Pericles, there must be equal representation of rights and freedom to citizens irrespective of cultural, economic, or social considerations (Thucydides and Woodruff 41). Therefore, people must follow rules and regulations to the letter in order to ensure democracy. The city of Athens represents a nation that has put into consideration myriad political aspects such as democracy, observes individuals’ rights and freedom among others ( Tracy 56). According to the writings, happiness results from individuals being free to carry out any legal activity without infringing others rights and freedom. The city of Athens has a strong force that protects its citizens from external intrusions by neighboring enemies (Thucydides and Woodruff 41). The city of Athens has managed to, effectively; organize its government matters through the adoption of democratic

Biases and Judgments Research Paper Example | Topics and Well Written Essays - 1250 words

Biases and Judgments - Research Paper Example Judgment is the best management tool since many ideas are put into perspective thus having a high probability of making a decisive decision. The purpose of this study is mainly to determine the effects of application of both judgment and biases to an organization. Studying the purposes gives the opinion on the best management tool. According to Grise and Gallupe (2000), the effectiveness of management is determined by way of decision making. It is an obvious assumption that judgment is a better way of decision making than biases. Biases are ill painted because it may be used to cover an individual interest at the expense of the organization. In this paper, the hypothesis applied is that biases lead to inequality in organizations. Managers who choose bias over judgment are likely to make mistakes. There are several types of judgment and biases; information, cognitive, risk and uncertainty biases. From the four examples above, all form part of the dependent variables apart from the inf ormation biases. Information biases are the primary cluster filters and influences that influence decisions. This is for the reason that, when selecting amongst decisions, judgment makers at most instances instinctively misrepresent information. This is recognized as interest bias, optimism, conclusion bias, significance bias and self interest thinking. Information bias can also alter how the search of information usually is undertaken. Paucity of appropriate information, the staff in an organization may fail to do the right but without their knowledge. This consequently provides room for certain individuals or groups to fulfill their self interest. During decision making certain information may be ignored or added to achieve a specific outcome. This can be done by a trait known as illusion control. The illusion control is where judgment makers overrate the degree to which the outcome of a verdict is on their hands, and their capability to correct or repair harms should they come up as a consequence of a verdict. Additionally, there is an overrating of the personal abilities of the judgment maker to make the verdict. This type of bias tends to benefit persons who have achieved success in decision making. Decision makers influenced by this bias have a tendency to center their attention on the sections of the decision they can manage and ignore the factors that display uncertainty (Irani and Love, 2001). They also overrate their own responsibilities in order to assure themselves in case any form doubt comes up. Risk biases include the third set of choices and influences that take action on the decision procedure. These biases mostly take action on decision options which are aimed at reducing risk all through the decision making process. The awareness of risk shape decision results because a high percentage of the information and cognitive biases used by judgment makers are as well used to lessen the risk. Predictable choice making theory proposes that, choice is a mixture of risk and likely gains. Judgment makers, who are risk reluctant, go with options that have less possible gains, slighter options of results with less risk. Decision creators who seek risks go with options that potentially offer higher interests, although with better variation in results the higher the risks. Mangers tend to take risk more frequently when they come up with the decision individually than group thinking is

The Rwanda Genocide Thesis Example | Topics and Well Written Essays - 2250 words

The Rwanda Genocide - Thesis Example The belief that one ethnic group was superior to the other is among the reasons why these events took place and they have remained a traumatic event in the history of Rwanda (De Lame 2009: 188). There have been attempts in recent years to reconcile the individuals who were on different sides during this genocide and this has been done in a manner, which is meant to ensure that Rwanda develops into a single cohesive society without any ethnic conflicts between the people of this state. Thus, in order to develop an understanding of the reasons behind the efforts of reconciliation, a discussion has to be made concerning the definition of ethnicity and the remedies, which can be used to ensure that it does not come to dominate the daily lives of individuals from different ethnic groups. In addition, a study of a similar process in South Africa has to be carried out and using this information develop an understanding of how to deal with reconciliation in post-genocide Rwanda. Apartheid South Africa, like Rwanda, was characterised by high levels of brutality and state-sponsored violence favouring one ethnic group over the other. It was in an attempt to deal with the aftermath of these instances that the government worked towards the development of a Truth and Reconciliation Commission where the truth concerning all the atrocities committed could be revealed so that all of the parties involved could find closure. This was essentially a dialogue between the oppressor and the oppressed and it was a means through which peace could be brought between them in a manner that prevented any potential conflict from taking place in the country because of past grievances (Gibson 2004: 40). However, while the South African commission was essentially created for political reasons since its purpose was to help in the transition from an autocratic system to a democratic one, any of such mechanisms that are developed in Rwanda should avoid any political allegiances.  

M chap 3 Coursework Example | Topics and Well Written Essays - 250 words

M chap 3 - Coursework Example scale and large scale businesses may always employ certain approaches as well as techniques relevant to changes in consumer behavior (Dietrich and Media, 2015)s. In marketing, businesses always need to acquit themselves with certain information from their consumers including their locations, what they want, as well as who their real consumers are. Changes in consumer behaviors always make businesses to conduct thorough researches, as well as, surveys in order to know what the consumers want. For example, in case they fail to satisfy the changing consumer interests and needs, marketing of such products may be compromised and can easily fail. As such, the businesses always conduct surveys and research through sales forecasts, internet researches, as well as, market sensing (Dietrich and Media, 2015). This gives them a competitive advantage in the marketing spectrum as they deeply understand the needs of their customers, failure to which, can lead to failure of the companies. It is important to note that the issue of consumer behavior is also affected by the economy of the United States in certain ways. For instance, if the economy strengthens, the consumer demands and tastes increases (Rao, 2010). However, if the economy faces some crises, the consumers also feel these economic crises, thereby limiting their consumption demands. It is of critical significance to note that changes in consumer behavior are not influenced by any legislation. This is because consumer behaviors are majorly dictated by their own personal interests, tastes and preferences. As such, it is important to note that consumer behavior can affect the market in various ways. According to my opinion, consumer behavior always controls the markets in various ways. as such, the changes in consumer behavior can always make some companies to experience big losses if they do not device effective marketing strategies to approach the situations occasioned by the changes in consumer behaviors. Therefore,

Evaluate the strengths and limitations of Employee Voice Practices for Essay

Evaluate the strengths and limitations of Employee Voice Practices for employees - Essay Example voice practices benefit employees by turning them into equal participants of the major organizational processes, letting them express their views and impact firms’ profitability and, eventually, turning them into essential drivers of organizational growth. However, the most important limitations of employee voice practices should not be disregarded. If not delivered properly, employee voice may lead to serious shifts in status quo which may not benefit employees. Many employees have the fear of such changes and, consequently, try to avoid the use of their legitimate voice in business practices. Therefore, one of the basic tasks faced by managers in organizations is to develop and run employee voice processes in ways that do not inhibit the employee’s right for self-expression and influence on organizational performance and, simultaneously, do not turn employee voice practices into a punishment for the things employees usually want to say. In order to understand how employee voice practices benefit or damage employee positions in companies, the exact meaning of employee voice needs to be understood. This is not an easy endeavor since the meanings and implications of employee voice are numerous, and different companies handle employee voice approaches in entirely different ways (Dyne, Ang & Botero 2003). However, across these numerous meanings, employee voice is generally assumed to be a motivation and willingness of employees to express their information, ideas and opinions regarding workplace improvements (Dyne, Ang & Botero 2003). Yet, it should be noted that if the worker does not express any opinions or does not try to impact workplace-related processes, that does not mean that this employee exists in the atmosphere of silence. In many instances, employees who withhold from expressing their opinions and thoughts openly simply use their voice in a different manner. Employee voice practices may be of a different nature and may also promote different forms of

Global and regional pricing Research Paper Example | Topics and Well Written Essays - 250 words

Global and regional pricing - Research Paper Example The rationale for charging different prices, based on the specific regions, is that a particular region may demand businesses to charge a lower price for their products, while another location may require higher pricing due to the quality or reputation of the product. A person travelling from Tampa to Miami using a personal car will always discover that the price of Gasoline varies depending on the distance from the main highway, with higher prices being charged close to the highway and lower prices far away from the highway. Similarly, retail stores in the same locality may charge lower prices, for same products on the store floor, in different regions as a way of increasing sales volume from stocks that are not moving, improve store traffic or compete directly with different stores and retail chains. Differential regional pricing is therefore dependent on the popularity of the product, the competitiveness of the product and demographic characteristics of the customers in the differ ent regions. Price discrimination entails charging different prices for the same product or a variation of the same product, in different countries. Microsoft Corporation has emerged as a monopoly in the development and sell of computer software and programs. The company offers several versions of the Microsoft office program, which are priced differently, based on the various categories of consumers, including businesses, academia and personal computer users. Through price discrimination, Microsoft separates its consumers and charges different prices with the goal of capturing customer surpluses and optimizing its profit margins. Microsoft has been accused of charging different prices to the different consumers of the same product. Popa (2012) observes that Microsoft, Apple and Adobe face risks of legal proceedings due to their

Gallery Review - Nancy Lang Essay Example for Free

Gallery Review Nancy Lang Essay Today, the 9th of March, I have heard of the Pyo Gallery, and as soon as I heard that it was in Wangjing, I changed my plan from going to the Dashanzi District to trying the new place. It was hidden in several other galleries. I was lucky to get there before the exhibition time was over. The owner was a Korean, who kindly explained some paintings for me. I was glad to find out that they currently had an exhibition of Nancy Langs art. I have always wanted to find out more about Nancy Lang ever since I have seen her in person at the art fare I have been to, in Korea last summer. There was her trademark series of Taboo Yogini paintings of which I have seen one piece of it before. Among all of the paintings that looked similar in overall size and image, I preferred this particular painting the most. Nancy Lang is an American born-Korean Pop artist who is very young and innovative. This piece of her is named the Taboo Yogini, Swinger and has an enormous size of 210 x 175 cm. She used mixed media on canvas to create this huge piece. This painting was finished in the year 2006, when she was 27. On this humungous canvas, there is a big character in the middle which has the body of a robot and a head of a girl with some abstract and obscure figures as legs. The subject has a basket full of tennis balls in its right hand. The light-blue background is solid with no value. The most interesting aspect about this art piece is the mysterious figure placed in the center holding the viewers attention. This piece looks more like a collage than a painting with images attached on the screen. The positive space is the one and only subject on the canvas. The body, which appears to be a robot, contains the three primary colors with a considerable amount of white. These colors together form a fancy image of a childs robot toy, attracting the viewers eyes to the center of the figure, which is where the head is placed. An image of the head of a human girl is used, juxtaposing the robot body. In the figures right hand there is a basket of lime green tennis balls. In the lower part of the art piece, as the legs of the main subject there are two obscure figures that could be hardly described. On the left side there is a fan shaped quadrilateral printed on a shiny material, and on the right side there is a figure that seems like a mixture of blood vessels and bones. The objects do not seem to have any connection between them, but as a whole they get together very well forming one huge body. The negative space is painted in one tone of light-blue, which helps the subject to stand out. Unlike its visual texture the actual texture of the piece is very smooth just like a painting. Nancy Lang is famous for her mysterious art pieces and unconventional performances. She is a multi-talented young woman who wants to be famous and rich, according to her own words. She actually has played a violin in the middle of a street wearing Victoria Secret lingerie and red high heels with kabuki style makeup. In her series of Taboo Yogini, she mixes up diverse icons to create a sort of cyborg that she declares to be the ironical face of the democracies we live in. According to her, this character Yogini, which originally means a yoga trainee, points to an existence between an angel and devil. So the name of her series Taboo Yogini is in a way representing both good and bad. I think the half-robots that appear on her pieces also represent Nancy Lang herself and the various different sides of her. Nancy Langs paintings are very obscure and difficult to understand. When I first looked at this piece, I was totally blown away by the innovative design of the image. However, I could never see the ironical face of the democracies before I read the explanation. These mystical figures, which look almost like monsters, keep appearing on her canvases expanding the viewers imagination and interpretation of them. Still, I think they are insufficient to clearly deliver the authors true intention of creating such images. Nevertheless, it is impossible for one to see through the genuine mind of an author. I really like Nancy Lang and her innovative spirit. She is afraid of nothing, even the awkward stare of others.

Diseconomies of Scale, and the Law of Diminishing Return

Diseconomies of Scale, and the Law of Diminishing Return Compared to other markets, why do economists consider perfect competition to be the most efficient market structure? Perfect competition is the most efficient market structure because, in the long run, each firm in the market will be producing at its minimum average cost, or per-unit. This means that consumers get desired goods and services at the lowest possible prices, and also that the firms are economizing on societys scarce resources to the greatest extent possible. What is the difference between the concepts of diseconomies of scale, and the law of diminishing return? (4 marks) Law of diminishing return occurs in the short-run when one factor is fixed. If the variable factor of production is increased, there comes a point where it will become less productive and therefore there will eventually be a decreasing marginal and then average product. When long-run average total cost rises as output increases, there are said to be diseconomies of scale. a. Sally owns a ceiling fan company. Last year, she sold 1000 ceiling fans at $50 each, and each fan cost her $20. Before going into the ceiling fan business, she worked as a fan-dancer at $25,000 a year. She used her own money to buy the fans by withdrawing the money from her savings account where it was earning five percent annual interest. Calculate Sallys economic profit and her accounting profit. Should Sally continue with her ceiling fan business? Explain. (6 marks) If her economic profit is at least zero, Sally should stay in business. Her TR = $50,000 and her total accounting cost is $20,000, for an accounting profit of $30,000. She forgoes interest on savings of $20,000 (.05) = $1,000 as well as forgone earnings of $25,000. This leaves $4,000 in economic profit, so she should stay in business. Bob Edwards owns a bagel shop. Bob hires an economist who assesses the shape of the bagel shops average total cost (ATC) curve as a function of the number of bagels produced. The results indicate a U-shaped average total cost curve. Bobs economist explains that ATC is U-shaped for two reasons. The first reason is the existence of diminishing marginal product, which causes it to rise. What is the second reason? Explain your answer. Assume that the marginal cost curve is linear. (4 marks) Average fixed cost always declines as output rises because fixed cost is being spread over a larger number of units, thus causing the average total cost curve to fall. a. Provide two circumstances in which monopoly may offer efficiency advantages over competition. (4 marks) A monopolist might be better positioned to exploit economies of scale leasing to an equilibrium which gives a higher output and a lower price than under competitive conditions. As firms are able to earn abnormal profits in the long run there may be a faster rate of technological development that will reduce costs and produce better quality products for consumers. This is because the monopolist will invest profits into research and development to promote dynamic efficiency. Explain the practice of tying and discuss why it is controversial. (5 marks) Tying is the practice of bundling goods for sale. It is controversial because it is perceived as a tool for expanding the market power of firms by forcing consumers to purchase additional products. However, economists are skeptical that a buyers willingness to pay increases just because to products are bundled together. In other words, simply bundling two products together doesnt necessarily add any value. It is more accurately believed to be a form of price discrimination. Describe the source of tension between cooperation and self-interest in a market characterized by oligopoly. Use an example of an actual cartel arrangement to demonstrate why this tension creates instability in cartels. (5 marks) The source of the tension exists because total profits are maximized when oligopolists cooperate on price and quantity by operating as a monopolist. However, individual profits can be gained by individuals cheating on their cooperative agreement. This is why cooperative agreements among members of a cartel are inherently unstable. a. If the average total cost curve is falling, what is necessarily true of the marginal cost curve? If the average total cost curve is rising, what is necessarily true of the marginal cost curve? (5 marks) When average total cost curve is falling it is necessarily above the marginal cost curve. If the average total cost curve is rising, it is necessarily below the marginal cost curve. Describe the difference between average revenue and marginal revenue. Why are both of these revenue measures important to a profit-maximizing firm? (5 marks) Average revenue is total revenue divided by the amount of output. Marginal revenue is the change in total revenue from the sale of each additional unit of output. Marginal revenue is used to determine the profit-maximizing level of production and average revenue is used to help determine the level of profits. Describe the process by which the market for capital and the market for land reach equilibrium. As part of your description, elaborate on the role of the stock of the resource versus the flow of services from the resource. (6 marks) Equilibrium in the markets for land and capital are governed by the value of marginal product for these factors relative to their supply. One difference between these markets and the market for labor is the distinction between rental value (flow) and purchase price (stock). This difference is reconciled by noting that in efficient markets, the purchase price should reflect the value of the stream of services provided by the land or capital (or the sum of rental values appropriately discounted). a. List and explain two conditions necessary for firms to be able to successfully practice price discrimination. (2 marks) Differences in price elasticity of demand between markets: There must be a different price elasticity of demand from each group of consumers. The firm is then able to charge a higher price to the group with a more price inelastic demand and a relatively lower price to the group with a more elastic demand. By adopting such a strategy, the firm can increase its total revenue and profits. To profit maximize, the firm will seek to set marginal revenue = to marginal cost in each separate (segmented) market. Barriers to prevent consumers switching from one supplier to another: The firm must be able to prevent market seepage or consumer switching defined as a process whereby consumers who have purchased a good or service at a lower price are able to re-sell it to those consumers who would have normally paid the expensive price. This can be done in a number of ways, and is probably easier to achieve with the provision of a unique service such as a haircut rather than with the exchange of tangible goods. Seepage might be prevented by selling a product to consumers at unique and different points in time for example with the use of time specific airline tickets that cannot be resold under any circumstances. Explain how each of the following industries practices price discrimination: (6 marks) restaurant Restaurants sometimes have childrens menus. It can be profitable if adults who come to restaurants with children are, on the average, more sensitive to prices on menus than adults who come to restaurants without children. Children often do not value restaurant food and service, and often waste a large part of their food. Parents know this and do not want to pay a lot for their childs meal. If restaurants treat children like adults, the restaurants may lose customers as families switch to fast-food restaurants. If this explanation is correct, then restaurants price discriminate. airline Airlines charge different prices for seats on the same plane, depending on when the ticket was purchased, how long the traveler will be staying at the destination, etc. Of course, the cost of operating the plane is independent of these variables. Hairdresser A hairdresser may charge a lower price to children than to adults. The reason they do this is that they believe children to have a differing elasticity of demand to adults. In other words, the price needed to maximize revenue from children is not the same as the price needed to maximize revenue from adults. By charging different prices they will maximize revenue from both groups Calculate the total revenue without price discrimination as well as with price discrimination, and complete the table with your calculations. (4 marks) Price Qd TR TR (with perfect price discrimination) 30 0 22 10 220 220 14 16 224 304 10 24 240 464 7 38 266 562 Briefly describe the characteristics of each of the following market types. Give an example of each market type. (8 marks) pure competition The goods being offered for sale must all be the same. The buyers and sellers must be so numerous that no single buyer or seller influences the market price. Buyers and sellers are price takers. An example would be the wheat market. Monopoly A monopoly is a market in which there is only one seller and the seller sets the price of the product, given the demand curve for that product. An example would be a local cable television company. Oligopoly An oligopoly is a market in which there are only a few sellers, and the sellers do not always compete aggressively. An example would be airline routes. monopolistic competition Monopolistic competition is a market containing many sellers offering slightly different products. Because the products are not the same, sellers have some ability to set price. An example would be the software industry. Use the graph below to explain why a profit-maximizing monopolistically competitive firm must operate at excess capacity. Why is a perfectly competitive firm not subject to the same constraint? (6 marks) Competitive firms do not face downward-sloping demand. The graph shows the firm choosing a level of production in which the intersection of marginal revenue and marginal cost occurs at an output level where average total cost is decreasing. This profit-maximizing output level is less than the efficient scale (minimum of average total cost) and therefore the firm is said to be operating at excess capacity. If the monopolist depicted in the graph below sets a price of $10 and sells 100 units, the corresponding marginal revenue is $5 and marginal cost $3. What recommendation regarding price and quantity would you give this monopolist? Explain your answer. (6 marks) Since MR exceeds MC, recommend an increase in output. Greater sales will require a price reduction. So reduce P below $10 and increase Q above 100. The marketing division of a firm has measured demand for its product and reports that it is Q = 24 P, where Q is units and P is price per unit in dollars. The cost is given in the table below. Complete the table and determine the profit-maximizing level of output for this firm. (6 marks) As indicated in the table below, the optimal output is Q = 5, where MR = MC = 5.80. Output Total Cost Price Revenue Profit 0 10 24 0 -10 1 18 22 22 4 2 20 20 40 20 3 22 18 54 32 4 25 16 64 30 5 29 14 70 41 6 34 12 72 38 7 40 10 70 30 8 48 8 64 16 Define the following terms and explain their importance to the study of economics. (9 marks) barriers to entry Barriers to entry make it difficult or impossible for other firms to enter an industry, thus allowing monopoly to continue to exist. Some examples of barriers include legal restriction on entry, patents, control of scarce resources, large sunk costs, technical superiority, and economies of scale. Patent A patent is a government-granted legal monopoly given to the inventor of a new product or process. During the life of the patent, the firm has a protected monopoly position. Thus, it serves as a barrier to entry. natural monopoly A natural monopoly is an industry in which advantages of large-scale production make it possible for a single firm to produce the entire output of the market at lower average cost than a number of firms each producing a smaller quantity. Most natural monopolies are regulated utilities.

Innovation And Technology Management Media Essay

Innovation And Technology Management Media Essay Ever since cameras were developed, it had evolved into many different types. This report will be focusing on the improvement of different types of camera, from film to digital used by consumers. A few case studies of camera makers will also be included to show how innovation affects each company. A camera is a device that captures images and the images were stored in the device or transmitted to another location. These images may be still or moving images. Still images means photograph while moving images can be videos or movies. The term camera was from the word camera obscura which was an early mechanism used to project images. Camera obscura is an optical device which can project surrounding image on a screen and used in drawing and for entertainment. Camera obscura consists of a box with an opening in one side. The light from an external scene passes through the hole and strikes a surface inside causing an image of the scene being reproduced but was turned upside down, with the color and perspective being preserved. The image will then be projected onto a piece of paper and traced which produced a highly accurate representation of the scene. http://upload.wikimedia.org/wikipedia/commons/thumb/2/26/Camera_obscura_box.jpg/220px-Camera_obscura_box.jpg Figure 1: Drawing of camera obscura A camera may work with the light of the visible spectrum or with other portions of the electromagnetic spectrum. It generally consists of an enclosed hollow box with an opening in one side for external light to pass through and a recording or viewing surface for capturing the light at the other side. Most of the cameras will have a lens being placed at the front of the cameras opening which is used to gather the incoming light and focus all or part of the image to the recording or viewing surface. The sizes of the opening are mostly controlled by using a diaphragm mechanism but some of them will use a fixed size opening. Most of the cameras today use an electronic image sensor for storing photographs on flash memory. Before that, from the 20th century, photographic films were used For a typical still camera, it takes a photo at a time when the user presses the shutter button unless the user uses continuous fire mode. As for a typical movie camera, it continuously takes 24 film frames per second when the shutter is pressed and holds on until the shutter is released. Some movie camera works by pressing the shutter button once and the second time will stop it. http://t3.gstatic.com/images?q=tbn:ANd9GcThEehclSMeXPhA1DEisnDoFw1w5_YCT5-6TFcNfv5q30kXSs-p-g http://t0.gstatic.com/images?q=tbn:ANd9GcTxh6ovUrXMGAZPP7tlsthvgrJ5jiMvKJD8swHykuo80AdRgOGT Figure 2: Digital still camera Figure 3: Digital movie camera Until today, cameras has evolved from the camera obscura and continued to change through many generations of photographic technology, including daguerreotypes, calotypes, dry plates, film and different types of digital cameras. Background In the past, camera obscura was used by people for drawing or viewing purposes. In 1827, the first permanent photograph was made using a sliding wooden box camera which used the concept of camera obscura to build. Although camera obscura was already available before 1827, there was no way to preserve the images produced by it apart from manually tracing the images. The preservation of the images was made possible after the invention of photographic lapel processes. These preserved images were then being called as photographs. The earliest cameras were of room sized, which were able to accommodate one or more people inside. By Niepces time, the camera technology had gradually evolved. Cameras became more compact, making portable handheld cameras which were suitable for photography possible. Although cameras technology had been keep improving, a camera in its barest form is still simply a light tight container that used a lens with iris, a shutter that has variable speeds and contains a sensitive piece of media. The media is either film or a digital sensor. http://www.photographica.nu/cameracol/dall273.jpg Figure 4: sliding wooden box camera Types of cameras Currently there are different types of camera in the market. The different types of consumers cameras are as following: Digital camera, a camera that takes video or still photographs by recording images on an electronic image sensor Remote camera, a camera placed by a photographer in areas where the photographer generally cannot be Movie camera, a type of photographic camera which takes a rapid sequence of photographs on strips of film Pocket instamatic camera, a series of inexpensive, easy-to-load camera Single-lens reflex camera, a camera that typically uses a mirror and prism system that permits the photographer to view through the lens and see exactly what will be captured Twin-lens reflex camera, a type of camera with two objective lenses of the same focal length. Video camera, a camera used for electronic motion picture acquisition Camera phone, a mobile phone which is able to capture still photographs and video Mirrorless interchangeable-lens camera, a type of digital system cameras equipped with an interchangeable lens. Technology Developments Film Camera When the first camera was invented, it used an engraving which was placed onto a metal plate coated in bitumen and then exposed it to light. The shadowy areas of the engraving will block the light while the whiter areas allowed the light to react with the chemicals on the plate. When the metal plate was placed into a solvent, an image will appear. The photograph required eight hours of light exposure to create and after appearing, it would soon fade away. In 1839, a more convenient and effective method of photography was developed. Daguerres process fixed the image onto a sheet of silver plated copper. The silver surface was polished and coated in iodine to create a surface that was sensitive to light. The plate was then putted in a camera and exposed for a few minutes. After the image was painted by light, the plate was bathed in a solution of silver chloride. This process created a lasting image which would not change even if exposed to light. With this process, daguerreotype cameras were created. The cameras used in the daguerreotype process were made by opticians and instrument makers. The camera had a sliding box design with lens placed in the front box and a smaller box was slid into the back of the larger box. The focus was controlled by sliding the rear box forward or backwards. When the sensitized plate was placed in the camera, the lens cap would be removed to start the exposure. In 1879, the dry plate consisting of a glass negative plate with a dried gelatin emulsion was invented. The dry plates could be stored for a period of time. With this dry processes, hand held camera was now possible as it absorbed light very quickly. In 1888 the box camera which uses dry plate was introduced. The box camera was a wooden, lighted tight box with a simple lens and shutter that was factory filled with film which allows for 100 shots. The photographer pushed the shutter to produce a negative. Once the film was used up, the camera with the film still in it was mailed to the factory where the film was removed from the camera, processed and printed. The camera was then reloaded with film and returned. In 1889 flexible roll film was invented. The film has a base that was flexible, unbreakable and could be rolled. Emulsions coated on a cellulose nitrate film base made the mass produced box camera a reality. In the mid-1914, 35 mm camera was invented. The camera used 35 mm roll film which was developed based on the flexible roll films. In the early 1940s, color films were brought to the market. These films used the modern technology of dye-coupled colors in which a chemical process connects the three dye layers together to create an apparent color image. In 1948, the first Polaroid camera was sold to the public. The camera allows the photographer to create an instant photograph. The disposable camera was introduced in 1986. It was a single use camera which allowed the photographer to take photo until the film was used up. After which the photographer will send the film for processing and the camera would be disposed. Digital Camera Need to group into sub sections of point and shoot (or known as compact digital cameras), Video cams, digital SLR and include camera phones here. For each section, show examples through the use of pictures. In 1981, the first consumer camera was produced by Sony. It takes still photographs by recording image on an electronic image sensor. Digital and film cameras shared an optical system, typically using a lens with a variable diaphragm to focus light onto an image. In 1986, the first sensor used to detect megapixels was invented by Kodak. In the same year, a prototype for an analog electronic SLR camera which was able to store images digitally was created by Nikon. In early 2000, the first digital SLR directed at consumers was released by Fujifilm. In 2008, mirrorless interchangeable lens camera emerged. Unlike a digital SLR, it does not have a mirror based optical viewfinder. http://upload.wikimedia.org/wikipedia/commons/thumb/a/a0/Leica_M9_Framework.jpg/220px-Leica_M9_Framework.jpg Figure 4: Mirrorless interchangeable lens camera Camera Handphone In 2000, the first camera phone was developed by Sharp. The phone had 0.1 megapixels sensor and 256 color display. In 2003, Samsung introduced the first 1 megapixels camera phone. In the same year, Casio introduces the first 2 megapixels phone. In 2004, Samsung introduced the first 3.2 and 5 megapixels phone. In 2005, Samsung introduced the first 7 megapixels phone. In 2006, Samsung introduces the first infrared camera phone and the first 10 megapixels camera phone. At this time, more than 50% of the world handphone had camera in it. http://c2499022.cdn.cloudfiles.rackspacecloud.com/wp-content/uploads/2007/01/samsung-sch-b600-10-megapixel-cellphone.jpg Figure 5: Samsung 10 megapixels phone In 2007, the first 5 megapixels camera phone with 3x optical zoom was introduced by Samsung. In 2008, Digital Imaging Systems announced first 9 megapixels camera phone and Samsung introduced first 8 megapixels camera phone. In 2009, Samsung introduced first 8 megapixels camera phone with touchscreen and LG launched the slimmest 8 megapixels camera phone. In the same year, Samsung also introduced first 12 megapixels camera phone with 3x optical zoom. In 2010, the first 14 megapixels camera phone was introduced by Altek and Sony ericsson introduced the first 16 megapixels camera phone. At this time, more than 81% of the worlds cell phone had camera in it. In 2012, Nokia introduced the first 41 megapixels camera phone. Nokia 808 Pureview Figure 6: Nokia 41 megapixels camera phone Cases Studies Introduction The purpose of this section is to clearly illustrate that having good innovation and technology strategy management techniques are of paramount importance to sustaining any business. The authors will analyze how major companies such as Canon remain prosperous in the market, while also analyzing the fall of a once hugely successful giant in the imaging business, Kodak. Case study of Kodaks Rise and Fall Rise of Kodak: Kodak was one of the major leading brands and pioneers of the camera making business. Founded in 1880, its rise to dominance of the imaging industry came after its introduction of color films and Instamatic camera to the market in the 1960s.The companys near monopoly of film businesses continued in the 1970s as sales skyrocketed to a point where it had 90% of film and 85% of camera sales in the United States of America according to a 2005 case study for Harvard Business School. (http://www.guardian.co.uk/technology/2012/jan/22/john-naughton-kodak-lessons). Fall of Kodak: By the 1980s, the emergence of a serious competitor in Fujifilm and Kodaks dominance in the US market was undermine after Fujifilm gained a share of the market by offering lower-priced film and supplies as well as adopting very aggressive marketing which included winning sponsorship rights to be the official film of the 1984 Los Angeles Olympics, an opportunity which Kodak ironically passed up. During the 1990s, although Kodak tried to maintain itself as a healthy business by diversifying to other areas of business (including medical ,pharmaceutical (http://www.csub.edu/kej/documents/economic_rsch/2012-04-23.pdf),printers for both consumer and commercial use as well as chemical manufacturing.), these businesses were all bought and not developed in-house leading to income being shared (http://www.economist.com/blogs/schumpeter/2012/01/how-fujifilm-survived). Eventually when sales from film developing and printing went into sharp decline nearing year 2000,earnings from these additional businesses simply do not scale up to the revenue gained from its core business which relied on film. In addition to the above, the development of digital photography technology and Kodaks own hesitancy of making the switch from film photography to digital photography proved to be one of the major causes of its eventual demise. This is clearly depicted as even though Kodak was a pioneer of digital cameras (Kodak first introduced it in 1975), the product was dropped as there was fear that it would threaten its core photographic film business which was hugely successful then. Sales and revenue soon begun to go into a decline with the arrival of the digital age and a change in core business model was made ultimately. Kodak soon introduced a range of digital cameras, inkjet printers as well as became one of the first to launch a photosharing website (www.ofoto.com) between the 1990s and 2000s to cope with the need to transform with the digital age. While efforts were made to transform and keep up with the digital photography, its business model and technology strategy was still flawed as Kodak still revolved around the idea of printing photos. For instance, in spite of being pioneers of photosharing online, Kodaks website merely served as a vessel for providing a service for online ordering of prints. (http://www.cbsnews.com/8301-505143_162-57363629/why-kodak-failed-and-how-to-avoid-the-same-fate/) In addition, the authors observed that despite innovating in the correct direction enjoying huge success with its line of digital cameras in the early 2000s, Kodak failed to anticipate the dynamics of digital photography and had no alternatives when consumers are no longer interested in photo printing but, sharing photos online in social media websites such as Flickr, Instagram and Facebook. Kodak being overly diversified, adopted the wrong technology strategy and did not exploit and capitalize early on a core digital camera technology Kodak pioneered, while investing heavily in developing technology for taking pictures in mobile phones and other digital devices. As a result, this allowed other companies such as Canon, Nikon and Sony to overtake and innovate further to produce hugely successful lines of digital cameras which eventually dominate the digital photography market. Furthermore, Kodaks success with digital cameras was short-lived towards 2010 when smartphones technology advanced and begun to include powerful cameras which are just as capable as the pocket digital cameras that Kodak was manufacturing. The following figure illustrates how camera phones such as the iPhone have gained a strong foothold in the market share of most popular cameras amongst consumers. Conclusion In a nut shell while aligning our observations to the concepts of technology management, there were multiple reasons contributing to the downfall of the once powerful giant in imaging market, Kodak. But this cannot be attributed entirely to the failure of incorrect technology forecasting or a lack of innovation. In fact, a report did circulate among the leaders of Kodak depicting the eventual permanent shift from film to digital by 2010 in 1979. It can also be observed from the earlier part of this chapter that Kodak was not at a shortage in the area of innovation. Consequently, the authors believe that it was not doing the correct technology road mapping which allowed other brands of digital cameras and camera phones to overtake them in the imaging market, leading to its ultimate demise and bankruptcy. This can be broken down into following: -The over reliance on a single product for revenue (film) -Lack of in-house expertise when diversifying into other areas of business -Slow transition from film to digital age -Despite early success, failed to forecast that digital cameras would eventually have low profit margins as more companies entered the market in mid-2000s, along with the emergence of camera phones -Slow transformation from a then overly diversified chemical manufacturer to a company mainly focused on imaging Had Kodak been able to identify and develop technology alternatives before making a better technological investment decision such as perhaps investing in SLR technology or social media websites which allows photosharing such as Flickr, Kodak might have been able to avoid their present predicament. This therefore emphasizes the importance of technology road mapping, as not having alternatives for a set product needs within different timeframes can have detrimental effects on businesses overtime. Case study of Canon Background In this section the authors will analyze how Canon, a company much like Kodak in terms of innovation and diversification of businesses, manage to still stay as one of the major leaders imaging market while facing the same challenges of having to make the switch from film to digital photography and decline of photo printing. Technology Strategy and Forecasting Canon introduced Japans first ever 35-mm focal-plane-shutter camera at a time when all high-quality cameras originated form the Europe, in 1935. Immediately after its founding and similarly to Kodak, it saw the importance of diversification and acted promptly with the introduction of Japans first indirect X-ray cameras, office equipment (calculators) and notably Japans first plain paper copying machine in 1970. As a result, the company adopted the management slogan of cameras in the right hand, business machines in the left and by then the company had already globalized (branches were set up in Europe and New York) successfully as exports took up 50 % of the total sales. Unlike Kodak, Canon continued to emphasize on the importance of in-house expertise by unceasing innovation of technology with the aim of becoming the best in all major business areas, be it in imaging (both medical and consumer) or multifunctional copiers technologies. This is achieved through constant innovation efforts such as setting up collaboration with Kyoto University in joint research projects. Shortly in 1976, Canon introduced the worlds first SLR with embedded micro-computer (AE-1), delivering powerful performance and along with its good ergonomics, propelled it into worldwide popularity among amateur and professional photographers alike, marking the start of its strong foothold in the share of the imaging market besides other current majors such as Nikon and Sony up till now. Besides being a leader in imaging industry, Canon also invested greatly on innovation in the technology of printers for both business and personal use. Its multifunctional copier division was notably very successful enabling it to hold the highest market share in the industry for the last 2 decades. Conclusion While Kodak had started to slip into decline because of its over reliance on film, Canon adopted good technology strategy and demonstrated good technology road mapping by making the best technology investment decisions with focused, continual innovation on camera technology (notably SLRs) and multifunctional copier technology. Hence Canon embraced the decline of films, photoprinting and the gradual replacement of compact digital cameras by smartphones through gaining a strong position in market areas of amateur and professional photography with their innovation in digital SLRs. The figure above shows its dominance in digital photography alone with smartphones. Along with ever changing times, Canon continued to strengthen product competitiveness in major business areas which also includes multifunctional copiers. In conclusion, while Canon had many business areas, Canon were not over-diversified like Kodak and one major difference leading to Canons success in diversification was because of the in-house expertise and technology management Canon had in dedicated business areas, an implication that income would not be shared with other companies as these business areas were not bought. Conclusion Future predictions of camera industry Global Camera Industry The world photographic products market has generated sales of over $55 billion in 2010, according to MarketLine. Cameras are leading the market with a sale close to $35 billion which is more than 60% of the overall market. Growth is expected to be accelerating at a rate of more than 3% every year, bringing the whole market up to over $65 billion by 2015. This consists of cameras, optical instruments, video cameras and other photogenic equipment. Digital photography continues to take over the sales of traditional cameras and films. And this is expected with the upcoming future of the industry Market Outlook However, with technological advances companies will need to continue investing in research and development of new technologies to stay in industrys cutting edge. There will be demands of new technologies of the consumers. As mentioned previously, Canon embraced the decline of films and photoprinting by the innovation of digital cameras. With online photo sharing/storing websites like Flickr, Google Plus or even Facebook, the generation of films and photoprinting is almost over proven by what has happened to Kodak. However smart phone cameras are slowly replacing the digital cameras. (Many often people are taking photos with their iPhone or Samsungs smartphone.) The percentage of photos taken with cameras and smartphones are declining and rising individually. Smartphones now have cameras of great qualities and functionalities in terms of programs known as apps and they will slowly continue to eat into the camera market. This has been shown by the appearance of smartphone picture uploading apps or social media like Instagram, Path, Facebook and many others more. But this may not necessarily remove digital cameras totally off the market. With constant technological advances, cameras with high performance capacity will become cheaper to produce. It will become a cycle that what used to be expensive and high-end products becomes the old technology and is cheaper to produce due to the advances. So low end cameras is becoming something with more advanced features. The consumer video camera market too is declining. Consumers are using their smart phones or DSLR to shoot videos. The video camera market will only move in the higher end markets (video producers, film makers) in the near future. Conclusion From our case studies above, it shows how Kodak and Canon tried applying technology management in their company to produce innovative product to the consumer market. However economic and social factors too play a part in innovation. By looking at Canon, few reasons why they were successful in the imaging market were because of their constant innovation on SLRs , coupled with the fact they were always targeting the market share of photography hobbyists, both in entry levels and professional level photography. However even though incorporating technology and innovative management into a organization does not guarantee 100% success. It depends on many factors such as the society, economic, the current market situation or even any other external factors. Kodak had tried displaying technology and innovation management in the corporation, however they have failed. Their over reliance on a single product for revenue (film), the lack of in-house expertise when diversifying into other areas of business and their slow transition from film to digital age these were the few factors that has caused their downfall of today. Our predications for the next 10 years: à ¢-  3D still and moving pictures will become standard in the next 5 years à ¢Ã¢â€š ¬Ã‚ ¢ Cameras will have more on-board processing software that perfects the final image without the need for a computer à ¢Ã¢â€š ¬Ã‚ ¢ Images to be printed on and saved to wafer-thin electronic paper called e-paper. Recently showcased by LG this flexible, full colour display is the wave of the future, and could be used in so many different products including e-readers. à ¢Ã¢â€š ¬Ã‚ ¢ Immediate upload of your image once taken to your favourite internet site with Bluetooth connection for cameras http://www.firstcall-photographic.co.uk/userfiles/file/digital_imaging_1990-2010.pdf Figure 1: http://en.wikipedia.org/wiki/Camera_obscura Figure 2 3: http://www.sony.com Figure 4: http://en.wikipedia.org/wiki/Mirrorless_interchangeable-lens_camera Figure 5: http://www.unwiredview.com/2007/01/09/10-megapixel-samsung-sch-b600-phone-nears-worldwide-launch/ Figure 6: http://www.nokia.com/global/products/phone/808pureview/specifications/

The Perfect Couple in Woman in White Essay -- Wilkie Collins Woman in

The Perfect Couple  in Woman in White  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the Woman in White, the author gives the reader many opportunities to find their favorite romantic plot. The reader is left to wonder which characters are well suited for each other. We are given the choices of the gentlemanly Walter and the feminine Laura or Laura and the deceitful Sir Percival. It seems to this reader that the author gave us the answer to the puzzling perfect couple question; only, the perfect couple is really a perfect trio- Walter, Laura, and Marian. Walter did not have to make a choice between the two main female characters because they made it for him. It is obvious that Laura and Marian complete each other. We see that whatever qualities Laura lacks, Marian has, and vice versa. These two women combine to make the perfect woman. Let us first examine Laura. Walter seems to fall in love with Laura at first sight. She is the image of the perfect Victorian woman. She is beautiful, rich, and pliant. She is willing to do whatever it takes to make other people happy. She has a dee...

Grandma and Grandpa - I Miss You :: Personal Narrative Profile

I miss you Grandpa I remember spending summers in Kansas with Grandpa. I grew up in the suburbs - spending summers in Kansas was a bit of culture shock. I remember waking up early and sitting around the kitchen table and listening while Grandpa and my mom sipped coffee and talked. The Hutch paper was always spread across the table, and inevitably, the conversation would turn to me. "He probably fails all his classes, don't he?" Grandpa would ask. A slow smile would spread across his aging face as his gaze shifted from my mom to me. "I don't think so, Grandpa," I'd respond, partially knowing he was joking, and partially wanting to prove myself. Then he'd lean back in his chair and look up at the ceiling. "No, you're a good kid. You're a good kid." He'd say quietly. He'd comment on a story I'd written, the one about spies and a nuclear power plant in Libya. I was in fourth grade at the time. "That was a good story you wrote. You got that from your great-great-grandfather's brother..." He'd go on telling me about my distant relative the author, and how that's where my writing came from. Later in the morning I'd climb into the rusty pickup with Grandpa and the sandy colored dog, Cherie. We'd drive the quarter mile through Raymond to the tiny post office to get the mail, Grandpa's callused hand hanging out the window. Sometimes I'd wait in the truck, watching farmers come and go through town, wondering why it took so long to get the mail. Sometimes I followed Grandpa in. "Hi Les," the woman behind the counter would say as we walked in. "Who's the handsome young man?" "Who, him? That ugly kid? Hell, I dunno," Grandpa would respond, rubbing his chin and looking at me. "Oh, Les," the woman said. "He's my grandson." "Kerry's boy?" she'd ask. "Yep." "I could tell, he looks a lot like him." "Yeah, him and his brother are visitin' from De-troit. I gotta entertain the little turds for a couple of weeks." That was Grandpa. Later we'd end up at Ike's Windmill and Farm Supply. Grandpa would drink more coffee, smoke a Marlboro, and joke with Geno and Ike, and whoever happened to come through the door. I remember trips to the Fish Gas Station, when Grandpa would treat my brother and I to a candy bar and a pop.

Night World : Soulmate Chapter 5

Hana turned and hurried up the riverbank. The woman screaming was Sada, her mother's sister^ and the girl who was stumbling beside her was Ryl, Hana's little cousin. Ryl was a pretty girl, ten years old. But right now she looked dazed and almost unconscious. And her neck and the front of her leather tunic were smeared with blood. â€Å"What happened?† Hana gasped, running to put her arms around her cousin. â€Å"She was out looking for new greens. I found her lying on the ground-I thought she was dead!† Sada's face contorted in grief. She was speaking rapidly, almost incoherently. â€Å"And look at this-look at her neck!† On Ryl's pale neck, in the center of the blood, Hana could just make out two small marks. They looked like the marks of sharp teeth-but only two teeth. â€Å"It had to be an animal,† Ket breathed from behind Hana. â€Å"But what animal only leaves the marks of two teeth?† Hana's heart felt tight and oddly heavy at once- like a stone falling inside her. Sada was already speaking. â€Å"It wasn't an animal! She says it was a man, a boy! She says he threw her down and bit her-and he drank her blood.† Sada began to sob, clutching Ryl to her. â€Å"Why would he want to do that? Oh, please, somebody help me! My daughter's been hurt!† Ryl just stared dazedly over her mother's arm. Ket said faintly, â€Å"A boy†¦Ã¢â‚¬  Hana gulped and said, â€Å"Let's take her to Old Mother †¦Ã¢â‚¬  But then she stopped and looked toward the river. The men were driving the stranger up the bank. He was snarling, terrified and angry-but when he saw Ryl, his expression changed. He stared at her, his wounded animal eyes sick and dismayed. To Hana, it seemed as if he could hardly stand to look at her, but he couldn't look away. His gaze was fixed on the little girl's throat. And then he turned away, his eyes shut, his head falling into his hands. Every movement showed anguish. It was as if all the fight had gone out of him at once. Hana looked back and forth in horror from the girl with blood on her throat to the stranger with blood on his mouth. The connection was obvious and nobody had to make it out loud. But why? she thought, feeling nauseated and dizzy. Why would anybody want to drink a girl's blood? No animal and no human did that. He must be a demon after all. Arno stepped forward. He gripped Ryl's chin gently, turning her head toward the stranger. â€Å"Was he the one who attacked you?† Ryl's dazed eyes stared straight ahead-and then she suddenly seemed to focus. Her pupils got big and she looked at the face of the stranger. Then she started screaming. Screaming and screaming, hands flying up to cover her eyes. Her mother began to sob, rocking her. Some of the men began to shout at the stranger, jabbing spears at him, overcome with shock and horror. All the sounds merged together in a terrifying cacophony in Hana's head. Hana found herself trembling. She reached automatically for little Ryl, not knowing how to comfort her. Ket was crying. Sada was wailing as she held her child. People were streaming out of the limestone cave, yelling, trying to find out what all the noise was about. And through it all, the stranger huddled, his eyes shut, his face a mask of grief. Arno's voice rose above the others. â€Å"I think we hunters know what to do with him. This is no longer a matter for shamans!† He was looking at Hana as he said it. Hana looked back. She couldn't speak. There was no reason for her to care what happened to the stranger-but she did care. He had hurt her cousin†¦ but he was so wretched, so unhappy. Maybe he couldn't help it, she thought suddenly. She didn't know where the idea came from, but it was the kind of instinct that made Old Mother say she should be a shaman. Maybe †¦ he didn't want to do it, but something drove him to. And now he's sorry and ashamed. Maybe†¦ oh, I don't know! Still trembling, she found herself speaking out loud again. â€Å"You can't just kill him. You have to take him to Old Mother.† â€Å"It's none of her business!† â€Å"It's her business if he's a demon! You're just co-leader, Arno. You take care of the hunting. But Old Mother is the leader in spiritual things.† Arno's face went tight and angry. â€Å"Fine, then,† he said. â€Å"We take him to Old Mother.† Jabbing with their spears, the men drove the stranger into the cave. By then, most of the people of the clan had gathered around and they were muttering angrily. Old Mother was the oldest woman in the clan- the great grandmother of Hana and Ryl and almost everybody. She had a face covered with wrinkles and a body like a dried stick. But her dark eyes were full of wisdom. She was the clan's shaman. She was the one who interceded directly with the Earth Goddess, the Bright Mother, the Giver of Life who was above all other spirits. She listened to the story seriously, sitting on her leather pallet while the others crowded around her. Hana edged close to her and Ryl was placed in her lap. â€Å"They want to kill him,† Hana murmured in the old woman's ear when the story was over. â€Å"But look at his eyes. I know he's sorry, and I think maybe he didn't mean to hurt Ryl. Can you talk to him, Old Mother?† Old Mother knew a lot of different languages; she'd traveled very far when she had been young. But now, after trying several, she shook her head. â€Å"Demons don't speak human languages,† Arno said scornfully. He was standing with his spear ready . although the stranger squatting in front of the old woman showed no signs of trying to run away. â€Å"He's not a demon,† Old Mother said, with a se–veie glance at Amo. Then she added slowly, â€Å"But he's certainly not a man, either. I'm not sure what he is. The Goddess has never told me anything about people like him.† â€Å"Then obviously the Goddess isn't interested,† Arno said with a shrug. â€Å"Let the hunters take care of him.† Hana gripped the old woman's thin shoulder. Old Mother put a twiglike hand on Hana's. Her dark eyes were grave and sad. â€Å"The one thing we do know is that he's capable of great harm,† she said softly. â€Å"I'm sorry, child, but I think Arno is right.† Then she turned to Arno. â€Å"It's getting dark. We'd better shut him up somewhere tonight; then in the morning we can decide what to do with him. Maybe the Goddess will tell me something about him as I sleep.† But Hana knew better. She saw the look on Arno's face as he and the other hunters led the stranger away. And she heard the cold and angry muttering of others in the clan. In the morning the stranger would die. Unpleasantly, if Arno had his way. It was probably what he deserved. It was none of Hana's business. But that night, as she lay on her leather pallet underneath her warm furs, she couldn't sleep. It was as if the Goddess were poking her, telling her that something was wrong. Something had to be done. And there was nobody else to do it. Hana thought about the look of anguish in the stranger's eyes. Maybe †¦ if he went somewhere far away †¦ he couldn't hurt other people. Out on the steppes there were no people to hurt. Maybe that was what the Goddess wanted. Maybe he was some creature that had wandered out of the spirit world and the Goddess would be angry if he were Jailed. Hana didn't know; she wasn't a shaman fef. All she knew was that she felt pity for the stranger and she couldn't keep still any longer. A short time before dawn she got up. Very quietly, she went to the back of the cave and picked up a spare waterskin and some hard patties of traveling food. Then she crept to the side cave where the stranger was shut up. The hunters had set a sort of fence in front of the cave, like the fences they used to trap animals. It was made of branches and bones lashed together with cords. A hunter was beside the fence, one hand on his spear. He was leaning back against the cave wall, and he was asleep with his mouth open. Hana edged past him. Her heart was pounding so loudly she was certain it would wake him up. But the hunter didn't move. Slowly, carefully, Hana pulled one side of the fence outward. From the darkness inside the cave, two eyes gleamed at her, throwing back the light of the fire. Hana pressed fingers against her mouth in a sign to be quiet, then beckoned. It was only then that she realized exactly how dangerous what she was doing was. She was letting him out-what was to stop him from rushing past her and into the main cave, grabbing people and biting them? But the stranger did no such thing. He didn't move. He sat and his two eyes glowed at Hana. He's not going to come, she realized. He won't. She beckoned again, more urgently. The stranger still sat. Hana's eyes were getting used to the darkness in the side cave and now she could see that he was shaking his head. He was determined to stay here and let the clan kill him. Hana got mad. Balancing the fence precariously, she jabbed a finger at the stranger, then jerked a thumb over her shoulder. You-out! the gesture meant. She put behind it all the authority of a descendant of Old Mother's, a woman destined to be co-leader of the clan someday. And when the stranger didn't obey immediately, she reached for him. That scared him. He shrank back, seeming more alarmed than he had at anything else that had happened so far. He seemed afraid for her to touch him. Afraid he might hurt me, Hana thought. She didn't know what put the idea into her mind. And she didn't waste time wondering about it. She simply pressed her advantage, reaching for him again, using his fear to make him go where she wanted him to. She herded him into the main cave and through it. They both moved like shadows among the shelters built along either side of the cave, Hana feeling certain that they were about to be caught any minute. But nobody caught them. When they got outside she guided him toward the river. Then she pointed downstream. She put the food and the waterskin in his hands and made far-flung gestures that meant, Go far away. Very far away. Very, very far. She was going into a pantomime indicating what Arno would do with his spear if the stranger ever came back when she noticed the way he was looking at her. The moon was up and so bright that she could see every detail of the strange boy's face. And now he was looking at her steadily, with the quiet concentration of a hunting animal, a carnivore. At the same time there was something bleak and terribly human in his eyes. Hana stopped her pantomime. All at once, the space around the cave seemed very large, and she felt very small. She heard night noises, the croaking of frogs and the rushing of the river, with a peculiar intensity. I should never have brought him out here. I'm alone with him out here. What was I thinking? There was a long pause while they stood looking at each other silently. The stranger's eyes were very dark, as bottomless and ageless as Old Mother's. Hana could see that his eyelashes were long and she realized again, dimly, that he was handsome. He lifted the packet of traveling food, looked at it, then with a sudden gesture he threw it on the ground. He did the same with the waterskin. Then he sighed. Hana was bristling, going from fear to annoyance and back again. What was he doing? Did he think she was trying to poison him? She picked up the food packet, broke a piece of traveling food off and put it in her mouth. Chewing, she extended the packet toward him again. She made gestures from packet to mouth, saying out loud, â€Å"You need to eat, food. Eat! Eat!† He was watching her steadily. He took the packet from her, touched his mouth, and shook his head. He dropped it at his feet again. He means it isn't food to him. Hana realized it with a shock. She stood and stared at the strange boy. The food isn't food to him and the water isn't drink. But Ryl's blood †¦ he drank that. Blood is his food and drink. There was another long pause. Hana was very frightened. Her mouth was trembling and tears had come to her eyes. The stranger was still looking at her quietly, but she could see the fangs indenting his lower lip now and his eyes were reflecting moonlight. He was looking at her throat. We're out here alone †¦ he could have attacked me at any time, Hana thought. He could attack me right now. He looks very strong. But he hasn't touched me. Even though he's starving, I think. And he looks so grieved, so sad†¦ and so hungry. Her thoughts were tumbling like a piece of bark tossed on the river. She felt very dizzy. It hurt Ryl†¦ but it didn't kill Ryl. Ryl was sitting up and eating before we all went to sleep tonight. Old Mother said she's going to get well. If it didn't kill her, it wouldn't kill me. Hana swallowed. She looked at the strange boy with the glowing animal eyes. She saw that he wasn't going to move toward her even though a fine trembling had taken over his body and he couldn't seem to look away from her neck. What good does it do to send him off starving? There's no other clan near here. He'll just have to come back. And I was right before; he doesn't want to do it, but he has to do it. Maybe somebody put a curse on him, made it so he starves unless he drinks blood. There's nobody else to help him. Very slowly, her eyes on the stranger, Hana lifted the hair from one side of her neck. She exposed her throat, leaning her head back slightly. Hunger sparked in the strange boy's eyes-and then something blazed in them so quickly and so hot that it swallowed up the hunger. Shock and anger. He was staring at her face, now, not her neck. He shook his head vehemently, glaring. Hana touched her neck and then her mouth, then made the far-flung gestures. Eat. Then go away. And for the Goddess's sake, hurry up, she thought, shutting her eyes. Before I panic and change my mind. She was crying now. She couldn't help it. She clenched her fists and her teeth and waited grimly, trying to hang on to her resolve. When he touched her for the first time, it was to take her hand. Hana opened her eyes. He was looking at her with such infinite sadness. He smoothed out her fist gently, then kissed her hand. Among any people, it was a gesture of gratitude†¦ and reverence. And it sent startling tingles through Hana. A feeling that was almost like shivers, but warm. A lightness in her head and a weakness in her legs. A sense of awe and wonder that she'd only ever felt before when Old Mother was teaching her to communicate with the Goddess. She could see startled reaction in the stranger's eyes, too. He was feeling the same things, and they were equally new to him. Hana knew that. But then he dropped her hand quickly and she knew that he was also afraid. The feelings were dangerous-because they drew the two of them together. One long moment while they stood and she saw moonlight in his eyes. Then he turned to go. Hana watched him, her throat aching, knowing he was going to die. And somehow that wrenched her insides in a way she'd never experienced before. Although she kept herself standing still, with her head high, she could feel the tears running down her cheeks. She didn't know why she felt this way-but it hurt her terribly. It was as if she were losing something†¦ infinitely precious†¦ before she'd had a chance to know it. The future seemed gray, now. Empty. Lonely. Cold and desolate, she stood by the rushing river and felt the wind blow through her. So alone†¦ â€Å"Hannah! Hannah! Wake up!† Someone was shouting, but it wasn't a voice from her cave. It sounded-faraway-and seemed to come from all directions, or maybe from the sky itself. And it was saying her name wrong. â€Å"Hannah, wake up! Please! Open your eyes!† The faraway voice was frantic. And then there was another voice, a quiet voice that seemed to strike a chord deep inside Hana. A voice that was even less like sound, and that spoke in Hana's mind. Hannah, come back. You don't have to relive all this. Wake up. Come back, Hannah-now. Hana of the Three Rivers dosed her eyes and went limp.

Burger King Innovative

Being innovative and creative is the key to having a successful thriving competitive company which can compete and stay in business due to their competitive advantages towards other companies in the same industry. The fast food industry is very competitive with there being a number of fast food restaurants. With Burger King seeking to become more innovative and creative it would benefit the company in generating bigger profits and productivity; Burger King would stay competitive to survive the fast food industry. Vice president of Burger King Leo Leon keeps Burger King thriving over innovation with its new and improved French fries concentrating on upgrading menu items within the quick-service industry. It’s been since 1998 since Burger King has decided to innovate within their French fries. The new French fries will be wider, with enhanced potato taste and crisp goldish-brown lusciousness from the outside. Seven-thousand Burger King Restaurants will have the fries by December 5, 2011. Burger King is also promoting this debut by offering free small fries on December 16 with no purchase necessary. Burger King upgrading in their menu and self-serve ice cream and desserts are all innovative continuous improvement on their products to maximize their profits and grow within their company. The launch of the new fries is claimed to be the best French fries in America which would not only maximize profits but grow the Burger King image to another level. Leo Leon mentions, â€Å"At Burger King, we constantly strive to make every item on our menu the best it can be. We believe our new fries are the latest example of our commitment to quality and innovation, and we invite everyone to visit our restaurants and taste the difference. † Innovation and creativity will benefit Burger King maintaining place number 2 in the burger chain but competition will keep on rising due to competitors.

Individual Behavior and Communication Essay

The Walt Disney Company was established in 1923, by Walt Elias Disney and his brother Roy. The two brothers founded the organization on big dreams and determination. Their primary goal was to make people happy and provide quality entertainment. The Disney organization has been around for over 85 years. The core ideology of the Disney Company promotes a source of guidance and inspiration. The core values and mission of the company is what the employees base their foundation on. Attitude and behavior is attributed to the core values of the organization. The values that Disney represents are maintaining strong innovation, maintaining high quality services, and striving to achieve quality products. The underlying principles innovation, quality, community, and storytelling are what the Disney organization symbolizes. Walt Disney worked very hard to provide the community with an outstanding organization. Anyone who is affiliated with or working for the Disney organization is expected to maintain and be held accountable for the same high standards that Walt Disney founded his organization on. Disney provides quality entertainment for everyone. In order for visitors of the park to receive a memorable experience employees must undergo a vast amount of training. The Disney Company has created a culture in which their employees are valued as individuals and as part of a team. Disney believes you can have happy guests only if you have happy employees. (http://voices. yahoo. com/the-magic-disneys-organizational-behavior-concepts-550698. html). This is one example of organizational culture. Communication within an organization is the key to making any company successful. Disney believes that if the work environment is comfortable mployees will feel free to share their thoughts and ideas, and speak their mind. This is turn can lead to generating creative ideas. Employee participation ensures that everyone is working toward achieving the same goal of providing quality service and a memorable experience to park visitors. It is plain to see that Disney demonstrates diversity and empowerment.

Taking Junk Food Out of Schools

In recent years, more than a dozen states have considered setting legislation limitations for the accessibility of junk food in schools, most requiring vending equipment to be turned off during certain hours, off until the students lunch break, or increasing the coast of unhealthy foods to discourage students from purchasing it (Parents Advocating School Responsibilities) . In today’s society teenagers are 3 times likely to be overweight than the generation of our parents. According to the 2001 Surgeon General Report establishes that 14 percent of American youth are overweight (Surgeon General 2001).This is compared with 4 percent of American children in 1963. The correspondent also stated that 300,000 citizens pass away each year from obesity-related illnesses or circumstances made worse by obesity (Surgeon General 2001). The reason for not banning junk food in schools is more students will get in trouble for smuggling in the junk food than other rule breakings. Being able to enforce such a disallow would compel officials to go through a students locker, desk, book bag, desk and lunch boxes, taking up much needed time for the facilitator to teach and harming the students’ privacy.It should be up to parents on deciding what foods their children consume. If a child wants to have a little snack or sugary foods in their lunches they should be allowed to if it’s ok with their parents (Borkar 2011). Consumption of junk food is not bad if it’s done in moderation and can go well with a healthy diet. One advantage of allowing snack food in schools is that if adolescent does not bring a lunch carrier then he or she does not have to stay hungry and can simply have something to satisfy their appetite (Borkar 2011).

International Financial Strategies Essay Example | Topics and Well Written Essays - 3000 words

International Financial Strategies - Essay Example The paper tells that the concept of corporate governance has undergone tremendous changes since its origin. Management always pays attention to update their corporate governance strategy in accordance with the needs of the time. The corporate governance policy also maintains the relationship between the stakeholders and the objectives of the organization. Top level managers always focus on the impact of their corporate governance strategy on economic efficiency in addition to a strong emphasis on shareholder values. Since a series of corporate failures in 2001 were attributed to accounting fraud, today organizations focus on internal check policies while formulating their corporate governance strategy. Likewise, corporate scandals of various forms during the last decade attainted public and political interest, which greatly contributed to the strict regulation of corporate governance. However, it seems that corporate governance principles always give emphasis to the rights and privil eges of shareholders. In addition, the principles of corporate governance clearly point out the role and responsibilities of the board, firm’s integrity and ethical behavior, and concerns of disclosure and transparency. The main point of difference in corporate difference between the United Kingdom and the United States is that in the UK, the CEO generally does not hold the chairmanship of the board whereas, in the US, the CEO also serves as the Chairman of Board. Corporate governance in the UK In the opinion of Roberts (2011), the balance of power between the board of directors and the general meeting primarily constitutes corporate governance of a UK company. Generally, the term â€Å"governance† is used to refer to principles mentioned in the UK Corporate Governance Code. As cited in Harbottle and Lewis (2010), the UK Corporate Governance Code 2010 is a set of corporate governance principles which aim the improved performance of the listed companies on the London St ock Exchange. Financial Service Authority’s Listing Rules demand the public listed companies disclose how they have abided by the proposed code and explain where and why they have ignored the rule. Private companies are also encouraged to follow these corporate governance guidelines even though it is not a compulsory requirement in private firm accounts.  

Paraphrasing Essay Example | Topics and Well Written Essays - 250 words - 26

Paraphrasing - Essay Example Additionally, the experiment will use Wheatstone bridge networks and two resistors, the photo-call and the potentiometer. This experiment seeks to offer lab experience with USB-1208FS DAQ in resistor network analysis. To achieve this, the experiment will rely on Wheatstone bridge networks and two resistors, the photo-call and the potentiometer. Consequently, the DAQ, photo-call, resistors, and the potentiometer construct two circuits that apply in this experiment. A resistor connected in series with Oscilloscope and a photo-resistor defines the initial circuit. In this circuit, users measures voltage using the Oscilloscope and disregard the DAQ and the laptop. A Wheatstone bridge circuit consisting of a photo-resistor and a potentiometer defines the second circuit. The DAQ measures voltage in this circuit. The experiment achieves its purpose by using a photo-resistor and a potentiometer to construct the circuit and using DAQ to measure